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20130228
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. harry reid wants to go after oil and gas companies and lord knows what. that kind of tax carpet bombing would generate a correction in the market. the market absorbed the last tax hike okay. but we don't want to push our luck, it seems to me. >> i think we're pushing our luck already. the market has yet to wake up to the reality of the last tax hike. the problem is obama puts the threats out because this is his way of premeg nating with republicans who are going to come to him in the debate about the sequesters and continuing resolution. obama is saying, don't even talk to me about entitlement reforms. if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold your cards now. that's what this is about. i don't think there will be more tax hikes this year. there's also not going to be spending reform. all the talk about tax hikes is obama's way of making sure that america doesn't deal with its true problem which is its spending problem. >> i will cross that bridge when i get to it. dave goldman, this didn't hav
targeted smart cuts. where does it fail? in the united states senate. harry reid can't lead a senate to doing fiscally responsible things. >> or anything. >> i'm not sure i understand what you were saying. if you're indicating that the republicans should go out and say they support the sequester, think you were saying the same thing. that's political suicide for them. even though it may be the right thing what happens is once the sequester takes effect if there are layoffs and people rebel against it, republicans are solely owning that. they are responsible for that. >> it's the president's idea. the white house came up with it. >> the republicans are saying they want the sequester. >> the president threatened to veto. they said we want to undo part of the sequester. the president said, i will veto that if you do. he's completely changed his tune. he's flip-flopping all over the place. this is his sequester. he came up with with it, signed it into law and republicans are saying, remember, this whole sequester is from the 2011 -- this is two-year-old spending cuts. we need to cut spen
able to pass a budget. now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do that. those numbers don't add up. >> all right. let's bet back to this sequester here. it comes at a time when we just learned that fourth quarter gdp was horrible compared to what we saw in the third quarter. the stock market seems to feel like things are getting back to normal, the economy's on the mend. is this the time to allow these spending cuts to take effect automatically that could take out a number -- "the new york times" says it could cost a million jobs in the economy right now. isn't this the time to think about an alternative of some kind? >> absolutely. th
to keep the u.s. government running. senior aid for house speaker john boehner and harry reid have begun discussing a deal to fun operations through to september. >>> and the pentagon says the grounding of lockheed martin's jets last week won't deliver the aircraft. there was a crack on a turbine blade on a test plane. speaking from australia, the fa says that type of problem is unfortunate but normal during development and testing. lockheed stock down 1%. >>> as the number of global smartphone users has reached the 1 billion mark, there have been a number using their mobile to make purchases. that's the subject for kelly in barcelona at the world mobile congress. do you have to use your spanish down there or you're okay, kelly? >> si, senior. i've been using a lot of spanish here, ross. right now, i'm joined by ed mcglaughlin from mastercard. ed, i haven't been speaking spanish with you necessarily. >> no. >> but we have been talking about the language of payments. and it does seem as though we're moving from, as you've said, a cash list to a credit card list society. what exactly is ma
? >> harry reid won't get a paycheck if he doesn't pass a budget. we finally got his attention. >> i don't think there's any tag days for him getting a paycheck but thank you. >> about the g-7 -- >> my word, absolutely. currency wars front and center, particularly london, the world's major foreign exchange center. notice the stock markets are higher almost across the board. one of the major reasons the banks are rallying today, at the helm, barclays. unveiled a structureture to cut costs and rebalance the bank away from investment banking and the way consumer units grow organically much faster and return to internal equity of about 15%. the stock is up 18%. it continues to gain and dragging other banks in the uk and elsewhere and spain with it, and what the ceo had to say. >> we have to manage our capital very effectively and reduce our cost space and reduce the ratio of compensation to our net income. that's what we're talking about today. >> for the record, the average bonus investment banking at barclays is down 17% at $84,000. the big debate in europe remains on currencies, brussels,
't gotten anything with harry reid that can pass in the senate. he said i'm going to put it on congress to try to come up with plan, what he calls a balanced plan for more revenue as well as additional spending cuts. and from that conversation earlier that i had with alan simpson and erskine bowles, i heard from them both sides need to have pressure applied on them, the white house thinks we don't need as many cuts as simpson and bowles do and the president is saying no more revenue, and simpson and bowles saying, no, we need more revenue. today they even set a bar higher than they had in their commission report for additional deficit reduction. i asked them how can you ask for more when we haven't even gotten what you originally recommended. here's how they responded. >> well, we learned the hard way with our commission. the tougher we made it, the more support we got. either go big or go only home. >> we're going to have to push the white house on health care, we're going to have to push the republicans on revenue. >> go big or go home, that's their mantra. we'll see whether congress
Search Results 0 to 5 of about 6